Iraq deal to revive gas pipeline

A consortium of oil companies plans to revive a project to supply gas from Iraq's Kurdistan region into Europe.
Source: BBC News | Business | World Edition | 17 May 2009 | 10:45 am

Lloyds Bank chairman to step down

Sir Victor Blank is to step down as chairman of Lloyds following criticism over the purchase of troubled bank HBOS.
Source: BBC News | Business | World Edition | 17 May 2009 | 10:34 am

Northfield Labs will close operations

Northfield Laboratories Inc. said it would close its operations and dispose of its assets after the FDA rejected its blood-substitute product.



Source: MarketWatch.com - Top Stories | 17 May 2009 | 10:22 am

UPDATE 3-Group lines up Iraq Kurdistan gas for Europe

* Development of Iraq Kurdistan gas fields to cost $8 bln
Source: RSS feed - channel BNewsBusiness | 17 May 2009 | 9:22 am

UAE and European companies team to export Iraq gas

Two Emirati energy companies say they will partner with Austria's OMV and Hungary's MOL to export natural gas from Iraq to Europe. The deal aims to supply the planned Nabucco pipeline...
Source: RSS feed - channel BNewsBusiness | 17 May 2009 | 9:12 am

CF again rebuffs Agrium and will pursue Terra

CF Industries Holdings Inc. rejects the latest revised takeover proposal from Agrium Inc., calling the deal price inadequate.



Source: MarketWatch.com - Top Stories | 17 May 2009 | 9:06 am

China to push investment in Taiwan: report

China said Sunday it would push mainland businesses to invest in Taiwan to help it weather the global economic crisis, state media reported. China will also invite Taiwanese businesses...
Source: RSS feed - channel BNewsBusiness | 17 May 2009 | 8:51 am

CORRECTED - CORRECTED-FACTBOX-Nabucco pipeline project facts

(Corrects feet to metres in paragraph 5; clarifies in 1st paragraph that half the project output could supply Nabucco pipeline)
Source: RSS feed - channel BNewsBusiness | 17 May 2009 | 8:51 am

Here we go again: Health insurers say they support reform

The industry was gung-ho when universal coverage became a going concern in the 1990s -- and we all know how that turned out. So why should anyone believe the outcome will be different this time? ...
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

Childbirth: Can the U.S. improve?

C-sections are expensive. Doctors ask if we are doing too many.

After an emergency cesarean with her first baby, Ruby Wales was holding out for a vaginal birth with her second one.



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

Childbirth: Can the U.S. improve?

C-sections are expensive. Doctors ask if we are doing too many. After an emergency cesarean with her first baby,...
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

Craftsman rusticity meets a 21st century sensibility

The past and the present collide head-on in this two-story Craftsman hybrid in Huntington Beach's Lake Park area near downtown.



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

Santa Barbara officials urge visitors to return

TOURISM



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

Fannie Mae and Freddie Mac's new rules are raising appraisal costs, critics say

The rules, intended to improve the accuracy of home valuations, push most large lenders to use third-party appraisal management companies.

How about this scenario the next time you refinance or apply for a mortgage: The real estate appraisal that used to cost you $325 now costs $450, even though the appraiser doing the work is getting only $175 or $200.



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

Fannie Mae and Freddie Mac's new rules are raising appraisal costs, critics say

The rules, intended to improve the accuracy of home valuations, push most large lenders to use third-party appraisal management companies. ...
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

Student loan borrower wants part of balance forgiven

Dear Liz: I currently have a consolidated student loan with the federal Direct Loan program at an 8.25% fixed rate. I initially borrowed $50,000 18 years ago, but the balance due has ballooned to almost $155,000 over the years.



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

Here we go again: Health insurers say they support reform

The industry was gung-ho when universal coverage became a going concern in the 1990s -- and we all know how that turned out. So why should anyone believe the outcome will be different this time?

It sure was nice seeing representatives of the insurance industry sitting down with the president and declaring that they know the healthcare system needs to be overhauled and that they definitely want to be part of the solution.



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

Charlie Munger's got a billion words of wisdom

Warren Buffett's right-hand man is considered one of the world's savviest investors.

About an hour before Charlie Munger, the Oracle of Pasadena, is set to speak, the pilgrims start filling a ballroom at the Pasadena Civic Center.



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

Craftsman rusticity meets a 21st century sensibility

The past and the present collide head-on in this two-story Craftsman hybrid in Huntington Beach's Lake Park area near downtown.
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

Still cultivating his passion for avocados

When the 1973 Yom Kippur War broke out, a young Avi Crane found himself in charge of the avocado harvest at an Israeli kibbutz. His life's work has revolved around avocados ever since.

The gig: Founder and chief executive of Prime Produce International, a fast-growing avocado distributor. The company had sales of $27.5 million last year, up more than 50% from the prior year. That equates to about 52 million avocados.



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

New-home warranties come in handy

Buyers who expect their brand-new homes to be flawless are only fooling themselves: The perfect house has yet to be built.
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

Santa Barbara officials urge visitors to return

TOURISM
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

Student loan borrower wants part of balance forgiven

Dear Liz: I currently have a consolidated student loan with the federal Direct Loan program at an 8.25% fixed rate. I initially borrowed $50,000 18 years ago, but the balance due has ballooned to almost...
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

Still cultivating his passion for avocados

When the 1973 Yom Kippur War broke out, a young Avi Crane found himself in charge of the avocado harvest at an Israeli kibbutz. His life's work has revolved around avocados ever since. ...
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

Giving it up for graduates, newlyweds

There are no magic numbers when it comes to an appropriate gift amount. A loan for graduate school could have a bad ending. Home-cooking to honor that UCLA grad is just fine.

It's spring, which means chirping birds, blooming flowers and the merciful end of the professional hockey season. It also means that it's time to shell out money for graduation and wedding gifts. This month, etiquette maven Alana answers your questions about how much to spend on graduation gifts, how to say no to your son's request for a graduate school loan and what kind of party is suitable for a college graduation.



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

New-home warranties come in handy

Buyers who expect their brand-new homes to be flawless are only fooling themselves: The perfect house has yet to be built.



Source: L.A. Times - Business | 17 May 2009 | 7:00 am

Giving it up for graduates, newlyweds

There are no magic numbers when it comes to an appropriate gift amount. A loan for graduate school could have a bad ending. Home-cooking to honor that UCLA grad is just fine. ...
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

Charlie Munger's got a billion words of wisdom

Warren Buffett's right-hand man is considered one of the world's savviest investors. About an hour before Charlie...
Source: RSS feed - channel BNPaperBusiness | 17 May 2009 | 7:00 am

China electricity use down in April: report

China's electricity consumption fell 3.6 percent year on year in April, a larger drop than in March, the latest sign an economic recovery has yet to take hold, state media reported Sunday.
Source: RSS feed - channel BNewsBusiness | 17 May 2009 | 6:08 am

Asian carriers brace for more rough weather

Asia's leading airlines are bracing themselves for more rough weather after earnings nosedived in the first quarter with no signs of a global economic recovery in sight, industry analysts...
Source: RSS feed - channel BNewsBusiness | 17 May 2009 | 6:07 am

Recovery talk runs on despite rearview recession

Fresh and deep recession data is doing little to dampen "green shoots" talk that the global crisis is beginning to bottom out, although analysts are forecasting a long, bumpy journey to...
Source: RSS feed - channel BNewsBusiness | 17 May 2009 | 5:54 am

U.S. Census Bureau Daily Feature for May 17

WASHINGTON, May 17 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau: (Logo:
Source: RSS feed - channel BNewsBusiness | 17 May 2009 | 4:01 am

Economic Preview: Panning the data stream for silver linings

Investors will continue to pan the economic data stream for silver linings, but no major discoveries are expected this coming week given the relative minor heft of the reports to be released.



Source: MarketWatch.com - Top Stories | 17 May 2009 | 4:01 am

China keeps buying US bonds despite concerns

China is pumping more money into US Treasury bonds, recent data show, despite concerns expressed in Beijing in recent months over the safety of dollar-linked assets. Mainland China's...
Source: RSS feed - channel BNewsBusiness | 17 May 2009 | 3:14 am

Last orders for Britain's pub groups

A barroom brawl is brewing between landlords and tenants which could see time called on longstanding relationships.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 11:17 pm

Singapore swap

Cash-strapped businesses turn to bartering
Source: BBC News | Business | World Edition | 16 May 2009 | 11:16 pm

So whatever happened to the deflation bogeyman?

Three months ago the Bank of England published a Quarterly Inflation Report that amidst the usual macroeconomic forecasts contained a detailed analysis of the threat posed by deflation.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 11:08 pm

Rose faces clash of loyalties

Marks ? Spencer is expected to slash its dividend when it announces fullyear results this week.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 11:06 pm

Interest rate slides on flood of cash

The effective interest rate in the UK is currently 0.7pc and will head down towards 2.5pc.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 11:05 pm

Independent begs a month to sort out debt

Independent News ? Media is close to a pact with its bondholders which would give it a month to reorganise its debt.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 11:02 pm

Building society in rescue talks

A RESCUE operation to save one of Britain’s biggest building societies is under way in the first of a new series of expected bailouts in the sector.


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

Tycoon in bid for Saab

A CONTROVERSIAL American billionaire who made his fortune buying failed US companies is trying to acquire bankrupt Swedish carmaker Saab.


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

C&W bosses to split £60m bonus

THE top 60 managers at Cable & Wireless will this summer split a £60m bonus pot, handing the key architect of its three-year turnround, John Pluthero, almost £10m.


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

Branson: Let me invest in railways

SIR RICHARD BRANSON is urging ministers to hand the private sector a greater role in the railways by giving entrepreneurs freedom to invest in new trains, stations and track.


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

EDF hires bank for £4bn sell-off

FRANCE’s EDF Energy has appointed Deutsche Bank to auction the biggest electricity distribution network in Britain. The sale is part of an aggressive plan by the state-owned group to ease the debt taken on during its £12.5 billion purchase last year of nuclear monopoly British Energy.


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

Fanfare for City’s ice queen

It must be catching. Last month Deborah Meaden warned me to be nice because her husband is a 6ft 5in former rugby player. Now Clara Furse is letting it drop that her husband was once in the special forces. What have I done?


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

Monaco is pining for start-ups

The word Monaco conjures up images of wealthy business-men such as BHS-owner Sir Philip Green and Easyjet founder Sir Stelios Haji-Ioannou sitting on luxurious yachts enjoying the trappings of their success tax-free, surrounded by sparkling blue seas.


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

Yell’s £1 billion pain in Spain pushes it into the red

THE owner of Yellow Pages will this week take a hit of almost £1 billion on the value of its Spanish business, pushing the classified telephone directories firm deep into the red.


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

West Brom’s painful reminder of our woes

As financial shocks go, the one uncovered at West Bromwich, Britain’s ninth-largest building society, is more a tremor than an earthquake. But we should not underestimate its importance.


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

Goldman’s $10bn payback

WALL STREET giant Goldman Sachs is preparing to pay back the $10 billion ($£6.6 billion) in crisis money it borrowed from the American government. If the bank can win regulatory approval, it may pay back the cash as early as this week.


Source: Latest Business News from Times Online | 16 May 2009 | 11:00 pm

Pentagon opens new front in struggle with taxman

A hedge fund controlled by Lewis Chester a close ally of David Cameron has become embroiled in a dispute with HM Revenue and Customs.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 10:57 pm

Hot in recession: Cheaper wine, chocolate, Spam

It's not all doom and gloom in the U.S. economy. Some products are bucking the recession and flying off store shelves. Sales of chocolate and running shoes are up. Wine drinkers haven't...
Source: RSS feed - channel BNewsBusiness | 16 May 2009 | 10:53 pm

Carphone cofounder Ross buys into Big Yellow placing

David Ross cofounder of Carphone Warehouse is to spend about £250000 on buying new shares in Big Yellow Group.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 10:51 pm

Regulator hires audit firm to probe conduct of RBS bosses

The City regulator has appointed PricewaterhouseCoopers to investigate the conduct of former Royal Bank of Scotland board directors.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 10:48 pm

BT rings changes to boardroom pay

BT will reclaim bonuses handed to executives who fail to meet performance targets in the wake of the crisis at its corporate services arm.
Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 10:45 pm

Tullow Oil on track for Ghana production


Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 16 May 2009 | 9:50 pm

NewsWatch: U.S. stocks in quiet zone after earnings

Another week light on economic data might provide a few more reasons for the stock market to continue easing, although bulls aren't ready to give up on a two-and-a-half month rally that has lifted the broad market more than 30% since early March.



Source: MarketWatch.com - Top Stories | 16 May 2009 | 9:00 pm

Weekend Investor: Stocks losing the long run to bonds

Two brutal bear-markets for stocks within a decade and a stunning bull run for government bonds is challenging the gospel that stocks will always beat bonds if investors just hold on long enough.



Source: MarketWatch.com - Top Stories | 16 May 2009 | 8:15 pm

SEC lawyers probed for insider trading: report (AFP)

The seal of the Securities and Exchange Commission. US authorities are probing two lawyers at US Securities and Exchange Commission for suspected insider trading, the Wall Street Journal reported Saturday.(AFP/Getty Images/File/Chip Somodevilla)AFP - US authorities are probing two lawyers at US Securities and Exchange Commission for suspected insider trading, the Wall Street Journal reported Saturday.



Source: Yahoo! News: Stock Markets News | 16 May 2009 | 8:13 pm

Stocks to Watch: Stocks in focus for Monday

Among the companies whose shares are expected to see active trade in Monday's session are Lowe's Cos., Mitsubishi UFJ Financial Group and Consolidated Edison Inc.



Source: MarketWatch.com - Top Stories | 16 May 2009 | 8:03 pm

Pipeline supplying Nigerian Gas Co. blown up

A pipeline supplying the Nigerian Gas Company in Niger Delta's Abiteye community was blown up Saturday, the Nigerian army says in an e-mail statement.



Source: MarketWatch.com - Top Stories | 16 May 2009 | 7:28 pm

Obama names Republican governor as envoy to China

US President Barack Obama named the Republican governor of Utah to be the next US ambassador to China, a pivotal post in relations between the United States and a major emerging economic power
Source: Financial Times - US homepage | 16 May 2009 | 7:14 pm

Congress alliance wins Indian election

The Congress Party claimed an emphatic victory in India's parliamentary elections as voters backed secular leadership over communal politics and the continued premiership of Manmohan Singh
Source: Financial Times - US homepage | 16 May 2009 | 6:40 pm

Areva reportedly sells Total stake

French nuclear power group Areva has sold its stake in oil giant Total in order to fund its own projects, according to a weekend newspaper report.



Source: MarketWatch.com - Top Stories | 16 May 2009 | 5:41 pm

Where’s My Toyota?

zztoyota



Source: Business Pundit | 16 May 2009 | 5:27 pm

De Beers: Diamonds as safe-haven investments

South African diamond-mining giant De Beers has launched a campaign to lure investors, presenting diamonds as an alternative to gold as a safe-haven investment.



Source: MarketWatch.com - Top Stories | 16 May 2009 | 5:12 pm

Vodafone set to speed up cost cuts

Vodafone Group reportedly plans to speed up its 1 billion pound ($1.5 billion) cost-cutting program when it announces full-year results next week, according to a published report.



Source: MarketWatch.com - Top Stories | 16 May 2009 | 4:50 pm

Daimler may post 2009 loss:report (Reuters)

The radiator emblem of a Mercedes car is pictured before the Daimler's annual shareholder meeting in Berlin April 8, 2009. REUTERS/Hannibal HanschkeReuters - Daimler (DAIGn.DE), the world's largest commercial vehicle maker, may post a loss in 2009 due to volatile markets, its Chief Financial Officer Bodo Uebber said, according to German newspaper Sueddeutsche Zeitung.



Source: Yahoo! News: Business | 16 May 2009 | 4:26 pm

Daimler may post 2009 loss:report

FRANKFURT (Reuters) - Daimler , the world's largest commercial vehicle maker, may post a loss in 2009 due to volatile markets, its Chief Financial Officer Bodo Uebber said, according to German newspaper Sueddeutsche Zeitung.

Source: Reuters: Business News | 16 May 2009 | 4:26 pm

Cashless trade not all carefree

Thousands of people are choosing to swap and barter products and services as cashflow tightens in the recession. They risk large cash liabilities, experts say, because many do not realise they still have to pay hefty tax and royalties...
Source: New Zealand Herald - Business | 16 May 2009 | 4:00 pm

Martin Hawes : If you're going to build - now would be good

If I were ever to build a new house, now would be the time as it seems all the stars are aligned to make it worth my while. Those stars are the three main components of the price of a house - the section, building materials and...
Source: New Zealand Herald - Business | 16 May 2009 | 4:00 pm

Olly Newland : Shaky foundations

Against the backdrop of a deepening global recession, no one can say how long it will be before "normality" returns. We are told this is shaping up to be the deepest recession since the Great Depression and we should expect flow-on...
Source: New Zealand Herald - Business | 16 May 2009 | 4:00 pm

Optimism is short-lived

People are already paying too much for homes in some suburbs, says property market analyst Kieran Trass of suburbwatch.co.nz. Trass believes these buyers fear they will miss the trough of the market, but analysis shows a further...
Source: New Zealand Herald - Business | 16 May 2009 | 4:00 pm

Blue Chip boss nets $25m share windfall

Blue Chip co-founder Mark Bryers earned more than $25 million from selling shares in one of his companies before the group collapsed last year, leaving some investors facing the loss of their homes. Bryers' annual accounts filed...
Source: New Zealand Herald - Business | 16 May 2009 | 4:00 pm

Top tips : On developing IT infrastructure

IT specialist Patrick Kershaw compares outsourcing your technology needs with bringing a technician into the staff team. What is the most cost-effective approach for developing our IT infrastructure? Firstly, don't go DIY....
Source: New Zealand Herald - Business | 16 May 2009 | 4:00 pm

Editorial: Pizzas go to hell and back

When Hell Pizza opened up above the old Victoria University squash club in Wellington, it seemed like a mad capping week stunt. One tiny kitchen, three guys with caffeine-shot eyes, seven deadly sins. Craziest of all, selling quality...
Source: New Zealand Herald - Business | 16 May 2009 | 4:00 pm

Gill South: Good listeners ease the burden for business owners and managers

Some business owners and managers haven't even told their wives and families they think their business is in trouble. What an incredible pressure to put themselves under. The relief when they discuss the situation with someone will...
Source: New Zealand Herald - Business | 16 May 2009 | 3:55 pm

Wounded tiger

Driving north from Waterford, Michael Dermody and I are caught for a moment in a beautiful light. The sun has fallen into a gap between clouds that have dulled the day, and the farmlands of County Kilkenny. "That'll be your last Irish...
Source: New Zealand Herald - Business | 16 May 2009 | 3:55 pm

Graphic proof house prices are overvalued

The Reserve Bank spends an awful lot of time collecting data on the economy and trying to make sense of it. Most is hardly ever seen by the public. This data is often buried in long reports that are pored over by economists and...
Source: New Zealand Herald - Business | 16 May 2009 | 3:40 pm

UBS chairman says bank losing key staff: report (Reuters)

Reuters - Switzerland's largest bank, UBS , is losing key staff in important areas to competitors, chairman Kaspar Villiger was reported as saying on Saturday.
Source: Yahoo! News: Business | 16 May 2009 | 3:31 pm

UBS chairman says bank losing key staff: report

ZURICH (Reuters) - Switzerland's largest bank, UBS , is losing key staff in important areas to competitors, chairman Kaspar Villiger was reported as saying on Saturday.

Source: Reuters: Business News | 16 May 2009 | 3:31 pm

Winning Stocks on a Down Week (ADY, BCRX, DDRX, DGI, FAZ, LORL, RHT, WX)

This was a week of profit taking and a probable realization that a move of 30% and more from the lows in March was probably a bit much in the face of only consistent “less-bad” economic data.  But as every optimist says, “There is always a bull market somewhere.”  We saw a drop of  about [...]

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Source: 24/7 Wall Street | 16 May 2009 | 1:10 pm

An iPhone for China on Sunday?


Source: Business and financial news - CNNMoney.com | 16 May 2009 | 12:08 pm